USDA Announces Special Report Quota #14 For Upland Cotton
Wed, 11/19/2014 - 16:12
News Staff
The Department of Agriculture’s Commodity Credit Corporation announced a special import quota for upland cotton that permits importation of a quantity of upland cotton equal to one week’s domestic mill use. The quota will be established on November 20, 2014, allowing importation of 14,636,612 kilograms (67,225 bales) of upland cotton. This action is being carried out under the authority of PL 113-79, enacted February 7, 2014, which requires that a special import quota be determined and announced immediately if, for any consecutive 4-week period, the U.S. Far East price exceeds the prevailing world market price. This condition was met during the consecutive 4-week period ending today.
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